GameStop (GME) Projected to Post Earnings on Tuesday

GameStop (NYSE:GME) is expected to release its earnings data before the market opens on Tuesday, March 25th. Analysts expect GameStop to post earnings of $0.09 per share and revenue of $1.48 billion for the quarter.

GameStop Trading Up 5.5 %

GameStop stock opened at $24.81 on Monday. The firm has a market cap of $11.08 billion, a P/E ratio of 137.81 and a beta of -0.29. GameStop has a 1-year low of $9.95 and a 1-year high of $64.83. The firm has a 50-day moving average of $25.75 and a 200-day moving average of $25.64.

Wall Street Analyst Weigh In

Separately, Wedbush reissued an “underperform” rating and issued a $10.00 target price on shares of GameStop in a research report on Friday, December 6th.

Insider Activity

In related news, General Counsel Mark Haymond Robinson sold 1,577 shares of the company’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $48,997.39. Following the transaction, the general counsel now directly owns 42,350 shares of the company’s stock, valued at approximately $1,315,814.50. This represents a 3.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Daniel William Moore sold 895 shares of GameStop stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $31.07, for a total value of $27,807.65. Following the completion of the sale, the insider now directly owns 31,385 shares of the company’s stock, valued at approximately $975,131.95. The trade was a 2.77 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 12.28% of the company’s stock.

GameStop Company Profile

GameStop Corp., a specialty retailer, provides games and entertainment products through its stores and ecommerce platforms in the United States, Canada, Australia, and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and virtual reality products; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads.